Y Intercept Hong Kong Ltd Acquires New Shares in InterContinental Hotels Group PLC (NYSE:IHG)

Y Intercept Hong Kong Ltd bought a new position in InterContinental Hotels Group PLC (NYSE:IHG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,699 shares of the company’s stock, valued at approximately $519,000.

Several other large investors have also added to or reduced their stakes in IHG. Rothschild Investment LLC purchased a new stake in shares of InterContinental Hotels Group in the second quarter worth about $36,000. Transcendent Capital Group LLC bought a new stake in InterContinental Hotels Group during the 2nd quarter worth approximately $50,000. Assetmark Inc. lifted its stake in InterContinental Hotels Group by 130.9% in the 3rd quarter. Assetmark Inc. now owns 769 shares of the company’s stock worth $85,000 after purchasing an additional 436 shares in the last quarter. Transamerica Financial Advisors Inc. boosted its holdings in InterContinental Hotels Group by 100,100.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company’s stock valued at $111,000 after purchasing an additional 1,001 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of InterContinental Hotels Group by 226.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,477 shares of the company’s stock valued at $156,000 after purchasing an additional 1,025 shares in the last quarter. Institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Stock Performance

InterContinental Hotels Group stock opened at $127.11 on Monday. InterContinental Hotels Group PLC has a fifty-two week low of $89.02 and a fifty-two week high of $131.68. The stock has a market cap of $20.15 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33. The firm’s fifty day moving average price is $119.27 and its 200-day moving average price is $108.75.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays upgraded InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. The Goldman Sachs Group upgraded InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

InterContinental Hotels Group Company Profile

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.